In March, the Bitcoin and other cryptocurrency surpassed gold in terms of investment attractiveness. During the year the interest in digital money increased by 16 percent, while the precious metals — only five percent. The Manager of a hedge Fund Pfeffer Capital and serial entrepreneur John Pfeffer explains these figures by the fact that the first cryptocurrency — the best alternative to gold. And it already surpasses it “in all respects”. Words leads Bitcoinist.
Bitcoin or gold? The opinion of the investor
According to Pfeffer, in the short term, Bitcoin will rise to 90 thousand dollars and above. However, investments in the cryptocurrency should not be viewed as venture capital, that is associated with the highest risk.
Transactions with bitcoin is much easier to make than gold — they are easier to store. In the fight against precious metals and other assets of the first cryptocurrency will help its main advantage is decentralization.
The entrepreneur believes that Bitcoin will not be widely used to purchase goods and services. At least in developed countries.
In January analysts at Goldman Sachs saidthat Bitcoin could replace national currencies in countries that are not ready to offer a high level of financial stability. It was about Africa and South-East Asia.
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